Tag Archives: IMF

IMF, Kiev Sign 4Yr $17.5Bn Bailout Package For Ukraine – Lagarde – 12 February 2015

RT logoThe IMF and Ukraine have signed an agreement to provide additional $17.5 billion over a four-year period, fund chief Christine Lagarde said. The total bailout package for Kiev currently stands at $40 billion.

Lagarde will propose to the governing council of the IMF that the program of assistance to Ukraine be expanded to $17.5 billion by the end of the month.

“The program is not yet approved by the governing council. I hope to offer it for approval by the end of February,” she said.

“This new four-year arrangement would support immediate economic stabilization in Ukraine as well as a set of bold policy reforms aimed at restoring robust growth over the medium term and improving living standards for the Ukrainian people,” Lagarde said in a statement Thursday.

Read the full story at: www.rt.com / link to original article

The World Bank, IMF, And Intelligence Agencies Serve Big Corporations – 20 October 2013

Uploaded on 19 October 2013 by MOXNEWSd0tC0M October 18, 2013 Russia Today News
http://MOXNews.com

Mish / Mike Shedlock – IMF Ready To Plunder Spain; IMF’s Latest Trojan Horse Offer; English-To-English Translations – 4 October 2012

IMF chief Christine Lagarde says IMF ready to help Spain.

The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.

“If Spain wants it, we could help in diverse ways, for example by simply auditing and monitoring reforms negotiated with its European partners without the IMF participating in financing,” Lagarde told French daily Le Figaro. Continue reading

Mish/ Mike Shedlock – IMF Pressures Spain To Lower Salaries, Raise The VAT, Eliminate Housing Deduction – 16 June 2012

My friend Bran reports from Spain that IMF urging Spain to raise VAT, reduce public pay and positions, and eliminate housing deduction is the headline of every main news broadcast and newspaper. Continue reading

John Ward – Euroblown : New ‘Yes And No Perhaps’ Threat Form IMF To Greece: Greek Politicians Told To Ignore Electorate Or Lose Out – 8 May 2012

Image“The IMF is threatening Greece that they will stop paying bailout instalments if the new government disagrees with the future austerity measures as outlined,” an IMF official to the Dow Jones news agency said last night (writes The Greek Reporter)

According to the news agency, the creditors will wait until Greek parties form the new government, but they do not intend to change their plans. On the contrary, they call on Greeks to obey the ‘rules’ and observe the pledges. Continue reading

Mike Shedlock – Merkel Casts Doubt on Saving Greece, Insists ECJ be Empowered to Police Nannyzone; ECB insists on Profits on Greek Bonds; IMF Takes Tougher Stance; Greek Socialists Reject EU Mandates – 26 January 2012

Amazingly, smack in the midst of deal to save Greece from bankruptcy, the ECB not only insists on taking no losses on Greek bonds its holds, it wants a profit on them because it bought them at what seemed at the time to be a substantial discount. The discount was imaginary. The bonds were trading at 7% at the time. Continue reading

Ben Fulford – The IMF And The Major European And US Money Center Banks Are Insolvent – 31 October 2011

The situation in Europe is making it clear to all but the most brainwashed that something historical is taking place. What is happening is that the criminal element at the very top of the Western power structure, especially at the very top of the financial system, has been cut off from their money printing machine. As a result, the IMF and the major European and US money center banks are insolvent. No amount of lying or paper shuffling or propaganda is going to hide this fundamental truth. The governments of Greece, Ireland, Portugal, Italy etc. know that the debts they supposedly owe to bankers were created through fraudulent book entries and thus do not have to be repaid. That is why the banks suddenly announced that Greece only had to pay back 50% of their debt even though such a write off would destroy them. They are hoping for a tax payer bail-out that is just not going to happen. It is game over. The Rothschild banking nightmare is ending. Continue reading

IMF calls on Europe to get “act together” on debt, reuters.com

By Lesley Wroughton / reuters.com

(Reuters) – Europe needs to “get its act together” and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe repercussions for global growth.

The IMF said both Europe’s debt woes and a painfully slow U.S. recovery could undermine global expansion, and it warned that without action those economies could tip back into recession.

The top economist at the global lender, however, singled out Europe as “a major source of worry” as he released the IMF’s latest World Economic Outlook report.

“There is a wide perception that policymakers are one step behindmarkets,” IMF chief economist Olivier Blanchard told reporters. “Europe must get its act together,” he added.

Investors have questioned Europe’s ability to come up with a convincing solution to its festering sovereign debt crisis, which has rattled confidence and roiled financial markets.

The Fund cut its 2011 and 2012 global growth forecast to 4 percent, shaving projections for almost every region of the world and saying risks remained tilted to the downside. Just three months ago it had projected an expansion of 4.3 percent for 2011 and 4.5 percent for 2012.

Finance officials from around the world, who gather in Washington later this week for semiannual meetings of the IMF and World Bank, appear to have no clear road map for how to deal with high debt levels and a fragile global recovery.

The IMF’s message to European leaders was that they should do whatever it takes to preserve confidence in national policies and the euro, and it urged the European Central Bank to lower interest rates if risks to growth persisted.

Standard & Poor’s on Monday downgraded its ratings on Italy by one notch and kept its outlook on negative in mounting pressure to cut its debt. Greece on Tuesday pledged to shrink the country’s public sector to win more loans from international lenders like the IMF.

Greece, which stands at the center of Europe’s crisis, is facing increasing pressure from the European Union and IMF to deliver on pledges to slash its deficit.

Senior IMF economist Jorg Decressin told reporters Greece’s debt problems were “eminently manageable” and its government was fully committed to staying in the euro zone.

More broadly, he said it was a “crazy proposition” to even talk about a possible break up of the 17-nation currency bloc because European leaders were fully committed to making the euro area work.

Carlo Cotarrelli, the director of the IMF’s Fiscal Affairs Department, said there was a political will in Europe to support crisis-hit countries, but that policymakers had failed to properly communicate their strategy.

He said the “cacophony of voices” from different euro zone states had confused markets with mixed messages.

WEAK AND BUMPY RECOVERY

The IMF warned that uncertain politics in the United States could threaten recovery there if needed actions to bolster growth in the near-term were not taken.

It said a failure by Europe and the United States to act forcefully would undermine financial markets, which would lead to a sharp decline in world trade and capital flows and drag down growth in emerging and developing economies.

The fund cut its growth forecast for the euro zone by nearly half a percentage point to 1.6 percent in 2011 and said growth would likely register just 1.1 percent next year.

It cautioned that hasty budget cuts in the United States could further weaken growth, and said the U.S. Federal Reserve should stand ready to ease monetary policy further. The Fed meets on Tuesday and Wednesday and is widely expected to take fresh actions to bolster the U.S. recovery.

The IMF shaved its forecasts for U.S. growth to 1.5 percent for 2011 and 1.8 percent for 2012, down from June projection of 2.5 percent and 2.7 percent, respectively.

Japan’s economy was forecast to shrink 0.5 percent this year, not quite as severely as previously thought, but to grow just 2.3 percent in 2012. In June, the IMF said Japan would likely grow 2.9 percent next year.

The IMF also said prospects for emerging market economies were growing more uncertain, although growth would likely remain fairly strong at about 6.4 percent this year, slowing to 6.1 percent in 2012.

Signs of overheating still warranted close attention in emerging market economies, it cautioned. In some countries, higher commodity prices and social and political unrest loomed large, it added.

The fund trimmed its forecasts for China and other emerging Asian economies, in part due to slowing global growth.

It said it expects China’s economy to grow 9.5 percent in 2011 and 9.0 percent in 2012. That’s down from its June forecasts of 9.6 percent this year and 9.5 percent in 2012.

(Editing by Neil Stempleman and Andrew Hay)

reuters.com edition USA

BRICS Nations Meet At World Bank and IMF Summit Next Week

The leaders of Brazil, Russia, India, China and South Africa (BRICS) are to meet at the annual World Bank and International Monetary Fund (IMF) summit next week, according to Brazilian finance minister Guido Mantega.

This is an important event as this could be a leading to new developments on the international monetary market and financial system.

Maybe Benjamin Fulford has some news about that. I will keep you informed.

Love and Light,

Lucas

link to article : BRICS Nations Eye Rescue Plan For EU via theglobeandmail.com

Will the IMF stand up to Europe? – Opinion – Al Jazeera English

Will the IMF stand up to Europe? – Opinion – Al Jazeera English.

If the IMF does not push for dramatic reforms in the eurozone, its future and Europe’s will be at stake. By Kenneth Rogoff published 10 september 2011

My Comment: More and more are  pointing to each other and don’t know what to do.      The banks in not trusting to loan because of the US government law suit about mortgages, the ECB European Central Bank-  has clearly a divided opinion (Stark left yesterday) as the leaders of the Eurozone do in how to get this debt and austerity crisis into grips and the IMF International Monetary Fund-  also gets criticism about how they handle things.

We see clearly the desperate struggle of the last resistance of the dark cabal to ones and for all break with the old system and comply to the new truly people’s  system that isn’t  about capitalism and greed or power and control but of the free will and choice of the people.The distribution of wealth and having enough for every living soul on this planet. They have to comply with the universal law and divine laws and know their time is run out.